STT GDC, Hyosung Heavy Industries launch data centre campus in South Korea

STT GDC, Hyosung Heavy Industries launch data centre campus in South Korea

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ST Telemedia Global Data Centres (STT GDC) has partnered with Hyosung Heavy Industries (KRX:298040) on a 60:40 basis to jointly develop and operate their first carrier-neutral data centre campus in South Korea.

Hyosung Heavy Industries is a high voltage electrical equipment manufacturing and construction company in Korea.

“South Korea ranks among the world’s most digitally competitive economies and we are delighted to be partnering Hyosung Heavy Industries as we expand into South Korea, growing our presence in Asia to five markets,” said Bruno Lopez, President and Group CEO, ST Telemedia Global Data Centres.

“Hyosung Heavy Industries has strong local capabilities in power, industrial systems and construction technology.

“Leveraging our global track record in designing, constructing and operating state-of-the-art, carrier-neutral data centres, we are well poised to support the increasing demands from our customers and businesses in the country and region, brought about by the rising adoption and consumption of cloud and digital services globally.”

The company said the partnership marks the continuing expansion of STT GDC’s data centre footprint globally particularly in Asia.

“Hyosung Heavy Industries has been focused and reputed for decades in providing power, industrial systems and construction technology in various residential, commercial and industrial facilities,” said Takeshi Yokota, Representative Director of Hyosung Heavy Industries.

“We have observed the data centre industry in South Korea to be fast-growing on the back of increasing demand for digital solutions and services.

“With our long-standing expertise and leveraging STT GDC's operational Data Centre excellence, we are excited to extend our capabilities and venture into building green data centres to support the surging demands of IT infrastructure sustainably.”

South Korea’s public cloud market is expected to double in size over five years from $1.5 billion in 2018 to $3.1 billion by 2023.

“The world's first commercial 5G network was launched in South Korea in 2019,” said Hyun-Joon Cho, Chairman, Hyosung Group.

“With faster data speeds, it enables businesses and consumers alike to enjoy the benefits of consistent ultra-low latency and high quality real-time digital content and services such as the Internet of Things (IoT), artificial intelligence and virtual reality.

“It is an opportune time for us to expand our offerings and delve into the data centre business based on our collective industrial capabilities with STT GDC, who is recognised as a leading data centre provider in Asia, to build the infrastructure needed for the thriving digital economy.”

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